Knowing Your Score

knowscoreThere is a lot of buzz about knowing your credit score.  That buzz can be misleading because there is no one credit score for each person.

There are many different credit scoring models that co-exist in the marketplace including generic scores, proprietary lender scores, industry specific scores and educational scores. A number of the scores available for purchase are considered educational and do not coincide with the exact scores that a creditor will obtain when you apply for credit.

Typically you have to pay a nominal fee to get a score generated from your report.  Federal law entitles us all to one free report each year from the three major bureaus, Equifax, Experian, and TransUnion, but it doesn’t provide for a free credit score.

Buying all your different scores would be expensive, not to mention the time involved in tracking down all the different models and their uses.  So, which score should you know? And, do you really need to know all those numbers?

Learn more about credit scores in our new project, Credit Scores: You Do the Math
Underwritten by:experian_logo

  Silent Danger in Your Home

You may have a smoke detector in your home but do you have a CO detector? Carbon monoxide, or CO, is a silent and odorless killer. The best weapon against it is a CO detector, which will alert you if CO is in your home. The detectors should be placed in the living area and sleeping areas of your house or apartment. When they first came on the market some concern surrounded their accuracy. The latest detectors, however, are accurate and inexpensive. You may think fireplaces and space heaters are the likely culprits in carbon monoxide poisoning. Actually, any fuel-burning appliance can create a problem, including the hot water heater or stove. New high-efficiency furnaces are usually vented outside and it’s very important that the vents be checked each fall to make sure they are free of obstructions. The same is true of the fireplace flue. Today's energy conscious homes are airtight, making efficient venting systems for dangerous gases even more important.
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